Economic reality in financial reporting : a program for experimentation;

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CURRENT-VALUE ACCOUNTING
ECONOMIC
REALITY
IN
FINANCIAL REPORTING
A PROGRAM FOR EXPERIMENTATION
• Who would be against an accounting system that is equally relevant in an inflationary deflationary or stable environment ?
• And who should be for a system that gives the illusion of growth despite the reality of shrinkage?
• If what we have is not good, and we know the direction to what is much better, why do we not proceed?
TOUCHE ROSS